CAGLES INC
8-K/A, 1998-07-24
POULTRY SLAUGHTERING AND PROCESSING
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                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549
                                 FORM 8-K
                              CURRENT REPORT

     Pursuant to Section 13 OR 15(D) of the Securities Exchange Act of 1934:

     Date of Report (Date of earliest event reported):

                              JULY 22, 1998

                              CAGLE'S, INC.
             (Exact name of registrant as specified in its charter)

      GEORGIA                     1-7138                   58-0625713
(State of Incorporation)   (Commission File Number)   (IRS Employer ID No.)
 
2000 Hills Avenue, N.W., Atlanta, Ga.          30318
(Address of principal executive offices)     (Zip Code)

Registrant's telephone number, including area code: (404) 355-2820



ITEM 5  OTHER MATERIALLY IMPORTANT EVENTS

THE REGISTRANT, CAGLE'S, INC., HEREBY REPORTS THE FOLLOWING EVENT, WITH 
RESPECT TO WHICH INFORMATION IS NOT OTHERWISE CALLED FOR BY THIS FORM, 
WHICH THE REGISTRANT DEEMS OF MATERIAL IMPORTANCE TO SECURITY HOLDERS:

Cagle's, Inc. has discovered an uninsured loss of approximately $1.1 Million
arising from employee dishonesty at its Pine Mountain Valley Plant.  The 
company has taken action to freeze assets belonging to the perpetrator, and 
believes the outlook for recovery of substantially all of the loss is good 
and that there will be no significant impact on earnings.

SIGNATURES:
  Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned 
hereunto duly authorized.

                          Cagle's, Inc. 
                          (Registrants)

                          /S/ Kenneth R. Barkley

Date: July 24, 1998       Kenneth R. Barkley
                          Senior Vice President Finance/Treasurer/CFO





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